Vedanta Q4 Results Review: Motilal Oswal Maintains 'Neutral' Stance, Cuts Target Price Post Inline Performance

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Motilal Oswal Report

Vedanta Ltd.'s Q4 FY25 performance came largely in line across segments. Capex plans are progressing well and will likely lead to further cost savings.

Management targets to maintain strong growth in earnings, led by the upcoming capacity, which will produce higher value-added-products. Vedanta remains firm on its deleveraging plans, and going forward, higher cash flows will support both its expansion plans and deleveraging efforts.

The stock currently trades at 4.9x FY27E EV/Ebitda. We have marginally cut our estimates for FY27. We reiterate our Neutral rating on the stock with an SoTP-based target price of Rs 470.

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